Lockheed Martin buys Dutch airline simulator manufacturer

Lockheed Martin has acquired Netherlands commercial flight simulator company Sim-Industries. Lockheed said the acquisition was part of a strategy to expand into adjacent markets. Terms of the agreement were not disclosed.
"This acquisition demonstrates Lockheed Martin's commitment to expand in adjacent markets with strong, long-term growth prospects that build on our core capabilities," Lockheed chairman and CEO Bob Stevens said. "The combination of Sim-Industries with ...